About Metropolitan Pensions Trust Insurance Ghana
Metropolitan Pensions Trust is a member of the Metropolitan Group of companies in Ghana comprising Metropolitan Life Insurance and Metropolitan Health Insurance and enjoys the financial strength of a parent company, MMI International, one of the six divisions of MMI Holdings in South Africa. MMI Holdings is the 3rd largest financial services company listed on the Johannesburg Stock Exchange, the JSE with an embedded value of ZARR39.7bn, and a market capitalisation of ZARÂ± R42bn or Â± US$4bn(as at 30 June 2014).
Created in December 2010 from the merger of Metropolitan Holdings and the Momentum Group, MMI currently does business in 12 African countries outside South Africa and beyond including the United Kingdom, Indonesia, etc. The global group has core businesses in long and short-term insurance, asset management, savings, investment, healthcare administration, health risk management, employee benefits and rewards programmes amongst others. These solutions are provided to all market segments through MMI Holdings, Metropolitan and Momentum operating brands.
Metropolitan Pensions Trust Ghana’s vision is to be the preferred lifetime financial wellness partner, with a reputation for innovation and trustworthiness. Our mission is to serve Africas people through affordable financial solutions that create financial growth and security.
With strategic and financial support of, as well as access to expertise and experience in pensions administration and management from MMI International, Metropolitan Pensions Trust Ghana is very well equipped to deliver value for money in to the Ghanaian market in this relatively new industry.
MPT has a state-of-the-art pension management and administration software, In-Pensions, which allows it to deliver on transparency, efficiency, innovation and excellence the hallmark of this company. Leveraging on our front to back platform, we provide a distinct business solutions that allow our investment managers and custodians to focus on their core mandate, whist MPT provides the necessary oversight and supervisory responsibility to ensure the best value is delivered to our clients
MPT prides itself in delivering on investment performance, client centered solutions, operational efficiency and having invested heavily in its people to deliver on the promise of delivering value and excellence to our clients.
Metropolitan Pensions Trust has 3 main products which ensure peace of mind for our clients when the retirement time is due! The Products are:
Metropolitan Occupational Pension Scheme:
This scheme manages the mandatory contributions received from employers, which will be equal to 5% of each employees salary to provide retirement income and benefits according to uniform rules, regulations and standards as set by the National Pensions Regulatory Authority.
Metropolitan Provident Fund Scheme:
This scheme also manages voluntary contributions received from employers for amounts contributed by employees of the above-mentioned scheme in addition to the mandatory contributions. This helps employees have access to additional funds in their retirement.
Metropolitan Personal Pension
The Metropolitan Personal Pension Plan, a Tier 3 Pensions scheme, is a specially designed savings plan for you to make provisions for your retirement.
Whether you have or don’t have a workplace pension, this can be a good way of securing a retirement income.
It is characterized by the following features:
- Individuals that are not in group schemes can save for retirement
- Formal or Informal Organized Groups (Drivers Association, Market Women Association, Second Hand Dealers etc.) can save for retirement
- Flexible contributions
- Normal Retirement age is 60 years (early/late retirement possible)
- Members can withdraw from the Plan before retirement age subject to Pensions Act and scheme rules
Operations by Metropolitan Pensions Trust are supervised by an experienced team of Board of directors. The Board of Directors comprises skilled individuals and various professionals, including independent directors; they oversee management and ensure the highest standard of corporate governance. Customers of MPT are protected from any unforeseen disloyalty or dishonesty by the Administrators employees through fidelity insurance, which would compensate the employer/employee in such an eventuality.